Got an Awesome New Business Idea? Here’s What to Do Next.

If you’re stuck in the brainstorming stage, the first step is to focus on two questions: ‘Why?’ and ‘Who?’ Syed Balkhi Published 2:30 pm CST, Thursday, November 15, 2018 Photo: Ipopba | Getty Images Photo: Ipopba | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Ipopba | Getty Images Got an Awesome New Business Idea? Here’s What to Do Next. 1 / 1 Back to Gallery Do you constantly have great business ideas which fall to the wayside because you just don’t know how to turn those daydreams into reality? If you’re stuck in the brainstorming stage, that’s probably because you don’t know what to do next. Related: Need a Business Idea? Here are 55 Around 550,000 people, according to the Kauffman startup index, become entrepreneurs each month and you could be one of them. While there’s no guaranteed formula to starting a successful business, there are steps to take in the planning phase that will not only help you determine if your business idea has what it takes but help you get the ball rolling, too. Sound like you? Here’s what to do next. Determine the “why” and the “who.” The first step to take after you’ve come up with a new business idea is to concentrate on the “why” and “who” of it. You may think you’ve thought up an awesome idea, but your business won’t be successful if you don’t know the real reasons behind why it’s a good solution, and whom it… [Read full story]